MBACC Meeting with "TRAC" Commissioner Burnie Maybank

The meeting is being held for Myrtle Beach Area Chamber of Commerce members to learn more about the South Carolina Taxation Realignment Commission and to discuss tax policies that could have a long-lasting impact on our state and also local businesses.

Nexsen Pruet attorney Burnie Maybank is the chair of "TRAC" and will speak to chamber members at the event.

The meeting is not open to the public.

More information about "TRAC"

On June 24, 2009, the S.C. General Assembly created the South Carolina Tax Realignment Commission, also known as “TRAC”.   This temporary, independent commission is charged with assessing the effectiveness of the state’s current tax structure and, in doing so, making recommendations to the General Assembly regarding necessary changes.  Such changes must be designed to ensure that the state’s tax structure is “balanced” so that the system is “adequate, equitable, and efficient.”   The goal of TRAC, and ultimately of the state’s tax structure, is creation of a system that enhances the state’s reputation as a “…optimum competitor in efforts to attract business and individuals to locate, live, work and invest…” in South Carolina.

 Click here to view the Bill.